GasTechno® in the Press
Enables global customers access to field demonstration site
Walloon Lake, MI., September 3, 2013 (BUSINESS WIRE) - Gas Technologies LLC (GTL), manufacturer of the innovative GasTechno® gas to liquids process, announced today that it has extended its Commercial Program through December 31, 2013 and is now evaluating customer projects in the USA, Russia, Kazakhstan, Nigeria, Saudi Arabia, China, Malaysia and Brazil.
The extension coincides with the company's progression to commercialization phase following recent launch of its new GasTechno® Portable Mini-GTL® demonstration site, which will be open for onsite tours and operational training to all existing and new customers over the next three months. The Portable Mini-GTL is the world's first and only single-step gas-to-liquids production capability, enabling significant cost take-out and greater access to the broad gas-to-liquids market.
"We genuinely feel like we have set a world record by building a first class GTL technology on one of the smallest R&D budgets ever possible," said GTL CEO Walter Breidenstein. "You will discover tens, even hundreds of millions, invested by our competitors in the GTL sector, as well as competing biofuel and biomass technologies funded by fortune 1000 corporations, government grants and VC backed companies out of Silicon Valley. Yet our Commercial Program customers recognize the unique value only GTL can offer."
The company is taking new applications for Early Adopters during the balance of 2013 to start commercial projects in locations around the world. The company is specifically seeking customers in the USA, Canada, Mexico, EU, Russia, China, South Africa, Argentina, Indonesia, Vietnam, and throughout the Middle East.
The Commercial program requires a $50,000 pre-feasibility study fee, a $250,000 basic engineering fee and a $2-3 million Mini-GTL capital cost for the selected project. The program provides customer access to the new Portable Mini-GTL Methanol Processing Package, where the Commercial Program customers will see the automation and advancements that have been incorporated over the initial Mobile Trailer pilot plant built in 2010.
"I think what we have done since the construction of our Mobile Trailer unit three years ago is deserving of sincere recognition," said Breidenstein. "Our amazing staff, patient Commercial Program customers and shareholders, loyal Board of Advisors and all the committed consultants, lawyers, sub-contractors and industry supporters deserve credit. Without them it would not have been possible to overcome the challenges and stay focused on the objective of providing a breakthrough solution to our customers and the market. To them I want to personally say thank you from my heart!"
In each country where Early Adopters have been selected, GTL will issue exclusive Master License Agreements (MLA) in order to fast track commercialization. The MLA is a unique legal licensing concept created during 2006-2008 when the company evaluated gas flaring reduction opportunities in Nigeria. GTL will announce more details on this aggressive global licensing program later in September, to coincide with the first issued exclusive MLA being approved and signed within the United States.
Qualified potential customers that seek to receive an Early Adopter application and have the initial capital to pay for the pre-feasibility and engineering fees on their project will be entitled to a tour of the plant operations in Michigan to learn the advantages of the GasTechno process over competitors. For more information, please contact CEO Walter Breidenstein directly at firstname.lastname@example.org.
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